$BTC Bearish Analysis: What to Expect

Bitcoin's current price action indicates a bearish sentiment, trading below the 200 EMA at $97,815.98 USDT. Here's what you need to know ¹ ²:

- *Support Zone:* $95,000 USDT is a crucial support level that might be retested before further downside.

- *Target:* Analysts predict a potential drop to $89,351.53 USDT, with some predicting further declines to $80,000-$81,000 or even $73,829.

- *Resistance Levels:* $97,000 and $100,411.25 USDT are key resistance levels that need to be broken for a trend reversal.

- *Bearish Signals:* Price rejection from descending resistance, trading below the 200 EMA, and breakout from the structure all point to further downside.

To navigate this bearish market, keep an eye on:

- *Key Levels:* $95,500, $94,000, and $93,455 as potential support levels.

- *RSI Analysis:* A drop below 50 on the RSI could indicate increasing bearish momentum.

Stay cautious and monitor volume and price action near key support levels .